CBOE Reports Weakest Spot FX Volumes in July Since 2017
- In July, the options exchange reported a total volume of $632.51 billion.
Summer lulls appear to have hit CBOE, which has released its foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) spot trading volumes for July this Thursday, as the largest options exchange in the US noted its weakest monthly trading volume since December of 2017.
In July, CBOE reported a total volume of $632.51 billion, with an average daily volume of $27.50 billion. Despite the fact that there were 23 trading days in July and only 20 in June, July’s volume is lower than June’s $661.64 billion by 4.4 percent.
When measuring last month’s trading volume on a year-on-year comparison, it is lower by 13.3 percent, as July of 2018 achieved a trading volume of $729.77 billion, as Finance Magnates reported.
CBOE continues to see weak volumes in 2019
Not only is July’s volume lower on both a yearly and monthly comparison, but it is also the lowest trading volume recorded all year, with June having the next lowest volume. Furthermore, it is the lowest trading volume in more than one and a half years, since December 2017.
Out of the whole month, the lowest daily trading volume occurred on July 4, 2019, which is the United States’ Independence Day. On this day, only $13.7 billion worth of spot FX was traded on the exchange.
The best trading day in the month of July occurred on the last day of the month, the 31st, which saw a daily trading volume of $39.72 billion. The next best day was July 25, when $37.32 billion worth of spot FX was traded.
On the whole, 2019 has been a sluggish month in terms of the trading volume. Not only is July’s volume the worst since December of 2017, but so was June’s monthly trading volume, as December of 2017 had a trading volume of $623.45 billion.
After June and July of this year, the next lowest trading volume since the end of 2017 was December of 2018. However, as Finance Magnates reported, in April of this year, the exchange noted the lowest monthly average daily volume since August of 2017.
Summer lulls appear to have hit CBOE, which has released its foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) spot trading volumes for July this Thursday, as the largest options exchange in the US noted its weakest monthly trading volume since December of 2017.
In July, CBOE reported a total volume of $632.51 billion, with an average daily volume of $27.50 billion. Despite the fact that there were 23 trading days in July and only 20 in June, July’s volume is lower than June’s $661.64 billion by 4.4 percent.
When measuring last month’s trading volume on a year-on-year comparison, it is lower by 13.3 percent, as July of 2018 achieved a trading volume of $729.77 billion, as Finance Magnates reported.
CBOE continues to see weak volumes in 2019
Not only is July’s volume lower on both a yearly and monthly comparison, but it is also the lowest trading volume recorded all year, with June having the next lowest volume. Furthermore, it is the lowest trading volume in more than one and a half years, since December 2017.
Out of the whole month, the lowest daily trading volume occurred on July 4, 2019, which is the United States’ Independence Day. On this day, only $13.7 billion worth of spot FX was traded on the exchange.
The best trading day in the month of July occurred on the last day of the month, the 31st, which saw a daily trading volume of $39.72 billion. The next best day was July 25, when $37.32 billion worth of spot FX was traded.
On the whole, 2019 has been a sluggish month in terms of the trading volume. Not only is July’s volume the worst since December of 2017, but so was June’s monthly trading volume, as December of 2017 had a trading volume of $623.45 billion.
After June and July of this year, the next lowest trading volume since the end of 2017 was December of 2018. However, as Finance Magnates reported, in April of this year, the exchange noted the lowest monthly average daily volume since August of 2017.